Bitcoin holds near $67,000 despite geopolitical tensions; demand from long-term holders rises

Bitcoin hovered near the $67,000 mark on Tuesday despite ongoing geopolitical tensions, while remarks from the US Federal Reserve on tariff-driven inflation and global risks further heightened market volatility. The cryptocurrency was trading at the $67,541 level.

In the past 24 hours, Bitcoin was down 0.07%, whereas Ethereum was up 0.49% to trade at the $2,062 level. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid and Cardano slipped up to 3.75%.

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The global crypto market capitalisation went down 0.2% to $2.33 trillion, according to CoinMarketCap.

Akshat Siddhant, Lead quant analyst, Mudrex, said the Fed Chair’s recent remarks on tariff-driven inflation and geopolitical risks added to market volatility, with liquidations spiking and creating a short-term imbalance.

While the on-chain data shows a 48.5% increase in demand from long-term holders, the price action has yet to fully reflect this accumulation, Siddhant added.

Ethereum and Bitcoin slipped 3.10% and 3.67%, respectively, in the past week. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano went down up to 7.67%, whereas Tron was up 3.34%.

The overall market sentiment remains under fear, despite a small amount of relief, said the CoinDCX Research Team.

Market perspective

CoinSwitch Markets Desk: BTC briefly dipped towards $65K before recovering to trade in the $66.5K–$67K range. The dip was driven by rising oil prices and escalating Middle East tensions, which continue to pressure global markets. U.S. equities remain subdued, even as Jerome Powell reiterated that inflation expectations are anchored and policy is not reacting to short-term energy shocks.

WazirX Markets Desk: Bitcoin trades near $67,777, up by 1.5% on the day. RSI at 46 and Stochastic at 18, keeping neutral momentum, while moving averages signal short-term pressure. Price holds its range, with dips finding support and underlying demand continuing to reinforce the structure.

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Vikram Subburaj, CEO, Giottus: Bitcoin is trading around $67,845 (+1.76%) on March 31, but the move does not yet signal a shift in market regime. This remains a stabilisation phase inside a liquidity-constrained environment and not a confirmed breakout.

Riya Sehgal, Research Analyst, Delta Exchange: Crypto markets opened the week volatile, with Bitcoin and Ethereum attempting a recovery after a sharp risk-off pullback. Price action has stabilised, but sentiment remains cautious amid higher oil prices, geopolitical tensions, and uncertainty around global monetary policy. Technically, Bitcoin remains below the $69,000–$70,000 resistance zone, suggesting the move is corrective, not a confirmed reversal.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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